Im not sure there is a better label, but I don't think that that makes it any less odd because I can't come up with one :)

Looking at past episodes of this OP podcast (https://www.thisisproductmanagement.com/episodes/) the following are, amongst others, aspects of product management:

R&D

Building Human Machines

Employee Experience

Building APIs

Consulting

Pricing

Customer Experience

Venture Capital

Now I don't disagree with that at all, and have been involved with those things and many more, but at some point the definition becomes overly broad as to not mean anything outside of a specific organization being referenced.